• European Central Bank Assembles Digital Currency Task Force European Central Bank Assembles Digital Currency Task Force
  • Brazilian Bank Threatens to Close Crypto Exchanges’ Accounts Brazilian Bank Threatens to Close Crypto Exchanges’ Accounts
  • Thai Bank Launches App For Instant Cross-Border Payments Powered on blockchain Thai Bank Launches App For Instant Cross-Border Payments Powered on blockchain

Blockchain Topics Attention on hotspots of blockchain development

  • Bitcoin Supply-side Price Indicators at Critical Levels for Bullish Continuation |

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Supply-Side metrics or indicators include hash-rate, difficulty ribbon, Bitcoin addresses, etc. While demand side would include Market Value/Realized Value (MVRV), NVT Ratio, and so on. Expert on-chain analyst and market analyst, David Puell, had designed a new Bitcoin indicator, the Puell Multiple. It accounts for the supply side metrics of Bitcoin. Glassnode research which recently listed the metrics, tweeted, The Puell Multiple is the ratio of coin issuance (in USD) and its yearly MA and can be used to identify times when the value of mined #bitcoins is historically too high/low While halving on the horizon, the supply-side could have a strong effect on the price. Hence, fractals or levels from the past could be helpful in determining the current state. Halving Fractal from 2016 The Puell multiple during the last halving was in the range of 1.25-1.75. The ratio is reaching similar levels three months before the event. However, it is still a little early to confirm the previous range. Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte…

    Jan 26, 2020
  • India Is Suspicious of Cryptocurrency but Seems to Welcome Blockchain

    Jan 26, 2020 at 11:49 // News The Reserve Bank of India recently announced cryptocurrency is not banned in the country but advised citizens not to rely on it. At the same time, the country seems to be much more friendly towards blockchain, launching a hub in Bengaluru. The Central Bank of India Reveals It has not Banned Cryptocurrency The Reserve Bank of India recently revealed that it had not placed any ban of cryptocurrencies such as Bitcoin and Ethereum. The bank added that it categorized cryptocurrency under financial instruments which entities such as banks should not deal in. The central bank revealed this as it was responding to a court petition filed by the Internet and Mobile Association of India (IAMAI). IAMAI  in the court petition demands that the bank removes a 2018 regulation which barred normal businesses from trading cryptocurrency. Members of the IAMAI includes amongst others cryptocurrency and blockchain companies. The Association says cryptocurrency trading within India should not be illegal since there is no law banning it. The group further alleges that the RBI banned cryptocurrency…

    Jan 26, 2020
  • Dow Just Began 10-Year Bull Run, Says Firm That Called 2019 Explosion

    Investment research firm Fundstrat predicts that we are in the midst of a 20-year secular bull market, with another decade left to run. The firm accurately nailed 2019’s equity returns, predicting a 30% annual rise while others screamed ‘recession.’ In the short-term, Fundstrat sees a peak in Q1 2020 before a mild correction later in the year. Recession? What recession? Investment research firm Fundstrat issued its latest report with a bold conclusion: we are in the middle of a 20-year bull run. According to the firm, the Dow Jones and S&P 500 will see another decade of gains before any deep or long-term reversal. The report predicts a number of pullbacks along the way, but the dominant secular trend points to strong US equity returns into the early 2030s. It’s a bold claim when many analysts are calling for an imminent recession. Even Morgan Stanley predicts gloomy returns over the next decade. So how did Fundstrat come to its bullish conclusion? Why the Dow Could Run for Another Decade The report is based on technical analysis which identifies a super-secular…

    Jan 26, 2020
  • One Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin

    Of all the Ether (ETH) locked in the collateralized debt positions (CDPs) of the old MakerDAO system, 27% belongs to a single Ethereum address. Financial technology data firm Digital Assets Data shared these findings with Cointelegraph on Jan. 26. Dai, which was created by MakerDAO, allows users to borrow or generate the stablecoin by staking their cryptocurrency holdings as collateral. Dai was not supported with bank accounts of reserve currencies but rather is generated by putting Ether into a CDP smart contract. In November 2019, the Dai stablecoin reached its 100 million token debt ceiling and introduced multi-collateral Dai (MCD) that can be backed by multiple assets. The old, single-collateral Dai — Dai that generated only with Ether — became known as “Sai,” while the new MCD is now referred to as “Dai.” CDPs for different assets were rebranded as “vaults” i.e. Ether is stored in an Ether vault, while Basic Attention Tokens (BAT) are stored in a BAT vault.  MakerDAO’s ecosystem growth According to Digital Assets Data, about 155,000 CDPs were initiated on the old version of the Maker…

    Jan 26, 2020
  • African Farmers are Seeing the Benefits of Blockchain

    AB InBev is giving local African farmers a hand in order to help them prove their income thanks to the power of blockchain. The blockchain-based system has been developed in collaboration with BanQu. This keeps track of all the local suppliers of AB InBev. AB InBev is giving local African farmers a hand in order to help them prove their income thanks to the power of blockchain. According to a report that came out earlier this week by Yahoo Finance, the blockchain-based system has been developed in collaboration with BanQu that keeps track of all the local suppliers of AB InBev and therefore replaces the trail that would have been left behind. For those that don’t know, AB InBev (Anheuser-Busch InBev) is an international business that specialises in famous beer brands. Some of the big brands you’re likely to have heard of include Budweiser, Stella Artois and Corona. As per CoinTelegraph: “The company has adopted a strategy of using local suppliers, receiving tax breaks for their added contribution to the country’s economy. However, this proved to be more challenging in…

    Jan 26, 2020
  • Cryptocurrency News From Japan: Jan. 20–24 in Review

    This week’s headlines from Japan include several central banks collaborating on digital currency research, Binance removing the Japanese yen from its platform, Japan’s Liberal Democratic Party investigating digital assets, comments from Japan’s Deputy Prime Minister on digital currency research importance, and Coincheck paying out its first Lisk staking reward.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese political party proposes digital currencies Japan’s ruling Liberal Democratic Party aims to propose a national digital asset in spring of this year, according to some reports. A parliamentary group of 70 lawmakers will reportedly submit their proposal in February and will note how the currency will act with regard to concerns about individual data security and money laundering.  Bank of Japan and several other central banks evaluate digital currencies News of action from Japanese lawmakers coincides with the debut of a research group of global central banks — including the Bank of Japan (BOJ) — that will study the possibilities and limitations of central bank digital currencies, or CBDCs. The Financial Stability Board, among others,…

    Jan 26, 2020
  • Litecoin Founder Proposes New “Donation” By Miners, An Upgrade on Bitcoin Cash [BCH] 12.5% Tax Proposal? |

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte Litecoin (LTC) founder, Charlie Lee suggests a 1% “development fund” donation fee from miners. This follows the latest Bitcoin Cash (BCH) announcement to charge a 12.5% miners fee to fund development. Is the latest proposal by Charlie Lee an upgrade on the BCH proposal? The founder of the seventh-largest cryptocurrency, Litecoin (LTC) – Charlie Lee – tweeted out a proposal in the late hours on Friday asking the community to push forward a 1% fee on the miners to fund the development of the blockchain in the long term. According to his proposal, the miners will voluntarily donate a portion of their block rewards to fund the development of the Litecoin. He wrote on Twitter, “How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year!” With a number of pools mining a variety of cryptos using Scrypt language, which gives them an extra 5% earning from other coins. Using this extra amount, Lee…

    Jan 26, 2020
  • The Possibility to Waste Your Time and Money

    Many of the people who are not related to cryptocurrencies are lurking on the web in a search for free Bitcoins. Numerous casinos, betting clubs, cryptocurrency hedge funds, and other websites lure people in. How do you know that the casino is working well? Where will you gather precise information about a faucet or a lottery website that promises to send you a ton of coins? Do Not Waste Your Time Do you know one precious asset that is not gold, not fiat money, not cryptocurrency, and not a bond, obligation, or a stock? This asset is very rare, and if you lose a piece of it, you’ll never regain. Correct – we are talking about time. Be extremely aware that even respectful corporations can advertise scammers. Many of the industry participants will try to use you to enrich themselves. If you look for a job in the crypto company, make sure that you spent at least 1 month reading the news pieces and reports about the CEO and the company itself. Check the Glassdoor and Trustpilot reviews. See their…

    Jan 26, 2020
  • Bitcoin Saw a “Mega Rejection” at $9,200, And It Should be Worrisome for Bulls

    Over the past few days, Bitcoin (BTC) has stalled, finding itself between a rock and a hard place. Many analysts are currently undecided where the cryptocurrency will go in the next few weeks, though one top trader recently noted that BTC’s price action at $9,200 could be a precursor to more downside. How Bearish Is Bitcoin’s Rejection at $9,200? In the wake of Bitcoin’s flash crash at $9,200 last week, Haejin noted that this represented a “mega rejection” on a daily basis. He specifically looked to the fact that BTC saw a bearish retest of the 200-day moving average, collapsed out of a multi-week rising wedge, and failed to surmount key macro resistance — three signs showing bears remain decisively in control. https://t.co/JhMTlE2zA1: Partial Bitcoin Chart of the Mega Rejection!! pic.twitter.com/CMXsreWwA1 — Haejin (@Haejin_Crypto) January 24, 2020 So what does this “mega rejection” mean for Bitcoin per Haejin? Well, it fulfills a bearish fractal that the commentator laid out. Per previous reports from NewsBTC, this Haejin last week pointed out that Bitcoin’s price action since the $14,000 top in June…

    Jan 26, 2020
  • Ripple Confirms They Are Massively Expanding Their Payments Network This Year

    Ripple, one of the largest and most popular companies in the crypto space, announced that they are going to be expanding their XRP-based cross border payment network in 2020. The goal is to offer companies and individuals the possibility to make international transfers by using the XRP virtual currency.  Ripple Expands Around The World In a recent report released by Ripple, they explain that they want to provide transparency and updates on the company’s views of the XRP market. Ripple continues with its proactive communication to help XRP holders be updated about the assets they hold and build trust around it.  At the moment, the XRP ledger has over 150 known validators that are participating in the whole network. This allows the XRP ledger to be neutral and fair. There is no single entity that can decide which transactions will be processed or which ones not. And this is very important for the whole ecosystem.  In the report, Ripple explained that they are taking a more conservative approach towards XRP sales. They have decided to reduce the amount of XRP…

    Jan 26, 2020
  • Crypto and Blockchain Firms Pitch In to Help Coronavirus Victims

    Some blockchain and cryptocurrency firms have pledged to help victims of the coronavirus in Wuhan, China. Cryptocurrency exchange Binance pledged to donate 10 million Chinese yuan ($1.44 million) to the effort. In a tweet on Jan. 25, Binance CEO Changpeng Zhao said that Binance made the pledge but did not make any announcements after a Twitter user tagged him in a news article about cryptocurrency donations being accepted for the cause: “For #Wuhan, not realistic to do crypto to end beneficiaries. Binance pledged 10m RMB ($1.5m USD) to help #coronavirus victims. We didn’t make any announcements. But [Binance Charity Foundation] BCF/Binance team has been busy for the last few days. Still need help to arrange logistics locally.” According to a Jan. 25 WeChat post by blockchain marketing service firm Krypital, the firm also launched a charity donation effort to acquire medical supplies for Wuhan coronavirus victims. Krypital also announced that it will create a blockchain-based donation system that allows for greater transparency and efficiency. The firm accepts Tether (USDT) on the Ethereum blockchain. The company is also recruiting volunteers for…

    Jan 26, 2020
  • Elon Musk Makes Public His Stance on Bitcoin and Cryptocurrency

    Jan 26, 2020 at 09:11 // News The cryptocurrency industry has faced a lot of puzzling and mixed reactions, especially on social media platforms including Twitter and Facebook, and this has forced the CEO of SpaceX, Elon Reeve Musk to share his personal position on some digital currencies especially Bitcoin (BTC) – during a podcast on January 20, 2020. He stated that he is “neither here nor there on BTC” and he spent most of his time talking about how these cryptocurrencies are being used to carry out illegitimate transactions. Recently, an engineer and technology entrepreneur was in the limelight for many short and puzzling statements on Twitter connected to cryptocurrency. For instance, on January 10, CEO Tesla tweeted that “BTC isn’t my safe word.” Back in April last year, he wrote another cryptic statement saying that “crypto is my safe word.” Crypto Stance However, it seems these statements have been regarded as mere jokes, mainly considering the earlier statements where he vowed to take “Tesla private at $420,” his early history is known to be rooted in the fintech…

    Jan 26, 2020
  • Crypto Art: The digital Renaissance |

    Twitter Facebook reddit Pinterest Hacker News LinkedIn Tumblr Google+ VKontakte By now everyone has heard of blockchain how it is going to change the world, but how often do we hear about how the results. Something incredible has been quietly brewing in the Blockchain community. A digital art renaissance is in action for the first time it is truly possible to own a unique digital artwork but don’t take our word for it the sales speak for themselves. For the last year and a half Art Curator and manager Sascha Bailey has been creating a platform to facilitate the sale and transfer of digital art via the use of the Ethereum blockchain. The Blockchain art Exchange But more than just a ground-breaking new technology the community of artists built up around this new technology are nothing short of genius.  From the creation of New age Banknotes using the techniques that central banks employ to the implanting of NFC chips with algorithms for art creation into their body’s. The artists included in this show are truly unlike anything you’ve ever seen before. One…

    Jan 26, 2020
  • Bitcoin has Thousands of Active Code Contributors Today » The Merkle Hash

    The popularity of cryptocurrency projects can often be gauged by looking at developer activity In the case of Bitcoin, interesting statistics have come to light.  As more and more people take note of Bitcoin, the number of developers rises. The Development of Bitcoin is in Very Good Hands Current statistics are rather spectacular in this regard. Over 2,800 people are contributing – or have contributed to-  the development of Bitcoin today. In terms of developers, this is as decentralized as it can possibly get. It is not abnormal to see Bitcoin be of such great interest to a lot of coders. It is the world’s leading cryptocurrency and has the most potential of effectively disrupting society.  One also has to keep in mind that tracking GitHub activity is very complex. There are multiple repositories associated with Bitcoin that aren’t even included in this particular report. It is safe to say that the development of this currency is in a very good place today. With so many eyeballs and brains working together, the future looks very bright. Now that Bitcoin has…

    Jan 26, 2020
  • Sorry Bears, Bitcoin Is Still In Mid-Term Uptrend: Here’s Why

    Bitcoin started a downside correction from the 2020 high at $9,191 against the US Dollar. However, BTC price is still in an uptrend and it could find buyers near $8,000 or $7,670. Bitcoin price started a short term downside correction below $9,000 and $8,800. It is currently trading above $8,200 and there are many important supports on downside. There is a declining channel or a bullish flag forming with resistance near $8,500 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair is likely to find a strong buying interest near $8,000 and the 100-day simple moving average. Bitcoin Price Remains Supported On Dips After forming a short term top near the $9,191 level, bitcoin started a downside correction. BTC price broke the $9,000 and $8,800 levels to enter a bearish zone. The bears were able to push the price below the 23.6% Fib retracement level of the last important rise from the $6,836 low to $9,191 high. Moreover, there was a daily close below the $8,500 support level. Though, there are many important supports on…

    Jan 26, 2020
  • Japanese Lawmakers to Propose Digital Yen in Response to China’s Digital Yuan 

    A group of Japanese lawmakers from the country’s ruling Liberal Democratic Party is planning on a proposal for Japan to issue a national digital currency, otherwise known as the digital yen. The need to develop a digital yen would seek to counter China’s digital yuan; meanwhile, more central banks across the globe are either studying or looking to launch their central bank digital currency (CBDC). Japan’s Digital Yen to Counter China’s Digital Yuan According to a report by Reuters on Friday, January 24, 2020, about 70 lawmakers from Japan’s ruling party, the Liberal Democratic Party (LDP), led by the country’s former economic minister, Akira Amari, plan to propose the idea of a digital yen to the Japanese government.  Also, the proposed digital yen would be a collaborative effort between the government and private companies. Furthermore, the 70 lawmakers are looking to present their proposal to the government by February 2020.  Earlier, Japan’s Finance Minister, Taro Aso, said the Chinese yuan becoming a ‘means of international settlement’ would pose a major problem for Japan.  Speaking on the need to roll out…

    Jan 26, 2020
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